Deutsche Telekom last week said capital expenditure (Capex) excluding expenses for spectrum rose 1.3 percent to 11 billion euros in 2016.

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Deutsche Telekom said its revenue increased 5.6 percent, driven by the strong U.S. business, to 73.1 billion euros. Adjusted EBITDA grew 7.6 percent to 21.4 billion euros.

“The basis of our strong growth remains the high investment in our networks,” said Tim Hottges, CEO of Deutsche Telekom.

Adjusted net profit fell 17.8 percent to 2.7 billion euros.

The main negative effect came from an impairment loss recognized in Q4 on the financial stake of 12 percent of the shares in the BT Group, mainly as a result of declines in the BT share price and in the pound sterling following the Brexit referendum. Both of these factors resulted in an impairment loss of 2.2 billion euros, which had a negative impact on net profit.

Deutsche Telekom’s broadband business in Germany achieved its highest ever sales of fiber-optic-based lines (FTTH, FTTC, vectoring), with 674,000 net additions in the fourth quarter. The number of fiber-optic lines increased 2.4 million (+56 percent).

Deutsche Telekom generated revenue of 22 billion euros (–1.7 percent) in Germany with EBITDA margin of 39.9 percent.

T-Mobile US increased its customers by 8.2 million to 71.5 million. Between October and December alone, the company won another 2.1 million customers including 1.2 million branded postpaid customers.

Revenue of T-Mobile US increased 16.3 percent in 2016 to $37.3 billion with adjusted EBITDA of $9.5 billion (+28.7 percent).

LTE coverage in Europe increased over the last 12 months to 109 million people or 84 percent of the population or 13 percentage points more than a year earlier. Deutsche Telekom migrated around 60 percent of fixed phone lines to IP technology.

Deutsche Telekom’s revenue in Europe fell 2.1 percent to 12.7 billion euros with 4.1 billion euros of adjusted EBITDA (–5.4 percent).